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A special-purpose entity (SPE; or, in Europe and India, special-purpose vehicle/SPV; or, in some cases in each EU jurisdiction, FVC, financial vehicle corporation) is a legal entity (usually a limited company of some type or, sometimes, a limited partnership) created to fulfill narrow, specific or temporary objectives.
Orphan structure or Orphan SPV or orphaning are terms used in structured finance closely associated with creating SPVs ("Special Purpose Vehicles") for securitisation transactions where the notional equity of the SPV is deliberately handed over to an unconnected 3rd party who themselves have no control over the SPV; thus the SPV becomes an "orphan" whose equity is controlled by no one.
"The financial institutions that originate the loans sell a pool of cashflow-producing assets to a specially created "third party that is called a special-purpose vehicle (SPV)". The SPV (securitization, credit derivatives, commodity derivative, commercial paper based temporary capital and funding sought for the running, merger activities of ...
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In relation to bond issues, offshore special purpose vehicles are often used in relation to asset-backed securities transactions (particularly securitisations). Creditor avoidance: Highly indebted persons may seek to escape the effect of bankruptcy by transferring cash and assets into an anonymous offshore company. [35]
Sonderkraftfahrzeug (abbreviated Sd.Kfz., [1] German for "special purpose vehicle") was the ordnance inventory designation used by Nazi Germany before and during World War II for military vehicles; for example Sd.Kfz. 101 for the Panzer I, and Sd.Kfz. 251 for the armored personnel carrier made by Hanomag.
The first two vehicles that were shown at Paris motorshow in the fall of 2018 are the LUX A2.0 and the LUX SA 2.0, designed by Pininfarina and Italdesign Giugiaro. [12] Previously, in July 2017, all the designs of VinFast's first cars were posted on the website and VinFast asked Vietnamese consumers to vote for which design they liked the most.
SPV can refer to the following: Sardar Patel Vidyalaya, a school in Delhi, India; Service for Poland's Victory, a Polish WWII resistance organization; Budd SPV-2000 rail car; Orange SPV, 2002 smartphone; Irish Section 110 Special Purpose Vehicle (SPV), type of company; Special purpose vehicle or special-purpose entity